M&A Deal Summary

HydroChemPSC Acquires HydroChem

On October 11, 2017, HydroChemPSC acquired business services company HydroChem from Aquilex

Acquisition Highlights
  • This is HydroChemPSC’s 1st transaction in the Business Services sector.
  • This is HydroChemPSC’s 2nd transaction in the United States.
  • This is HydroChemPSC’s 1st transaction in Texas.

M&A Deal Summary

Date 2017-10-11
Target HydroChem
Sector Business Services
Buyer(s) HydroChemPSC
Sellers(s) Aquilex
Deal Type Divestiture
Advisor(s) Harris Williams
Houlihan Lokey (Financial)
Kirkland & Ellis (Legal)

Target

HydroChem

Deer Park, Texas, United States
HydroChem LLC is a provider of industrial services, including chemical cleaning, hydroblasting, tank cleaning, and mechanical and industrial vacuuming.

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Buyer(S) 1

Buyer

HydroChemPSC

Deer Park, Texas, United States

Category Company
Founded 1977
Sector Business Services
DESCRIPTION

HydroChemPSC is a national provider of industrial cleaning, specialty maintenance services, and technology solutions to the critical energy infrastructure in the United States. The company has built a strong business platform by partnering with clients who value safety, the most modern and productive equipment in the industry, a deep bench of engineering talent, and the highest standards for environmental compliance. It works as partners to transparently identify ways to reduce wastes, costs, and liabilities. HydroChemPSC was formed in 1977 and is based in Deer Park, Texas.


DEAL STATS #
Overall 2 of 4
Sector: Business Services M&A 1 of 2
Type: Divestiture M&A Deals 1 of 2
State: Texas M&A 1 of 3
Country: United States M&A 2 of 4
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-23 Seaport Refining

Redwood City, California, United States

Seaport Refining, LLC. is a fuel terminal and 1,000 barrel a day Transmix plant located in Redwood City, California. Company operate 24 hours a day, 365 days a year. Seaport is permited to process transmix (off-spec fuels), store and sell finished products of diesel, bio-diesel and 87 octane gasoline. Seaport's facility has been designed and constructed, and is operated in accordance with all Federal, State, and local regulatory requirements. It is a "purpose built" facility that is kind to the environment and offers the most competitive disposal option in Northern California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-17 CARBER

Houston, Texas, United States

CARBER provides a full line of Inspection & Specialty Mechanical Service solutions integrated with a Health, Safety, and Environmental program, reflecting the company’s commitment to the people, communities, and markets the company serves. CARBER’s services increase safety, decrease downtime, reduce environmental impact and increase operational efficiency at customers’ facilities. CARBER was founded in 1995 and is based in Houston, Texas.

Buy -

Seller(S) 1

SELLER

Aquilex

Atlanta, Georgia, United States

Category Company
Founded 2006
Sector Energy Services and Equipment
DESCRIPTION

Aquilex Corp. is a provider of critical maintenance, repair and industrial cleaning solutions to the energy industry.


DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: Texas M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-31 Inland Industrial Services Group

Detroit, Michigan, United States

Inland Industrial Services Group is a provider of industrial cleaning, maintenance and turnaround services to the petrochemical, power, steel, automotive, and oil refinery end‐markets. The company provides routine, daily, and turnaround cleaning and maintenance services, including hydroblasting, vacuuming, chemical cleaning and tank cleaning.

Buy -